It means stay calm, don't get excited, don't lose your head, keep your cool. Dose and does are two different words.
She: Why tf did you do that!
He: Alright don't get mad at me. Keep your wig on.
1) A less fashionable tool.
2) Someone who exists well beyond the point of homo-suspicion.
1) Carson Daily is such a wig wag.
2) Carson Daily is such a wig wag.
A dayglo-colored, anime character-type wig. As seen on Lola Luftnagle (Lilly Truscott's alter-ego from the Disney Channel series Hannah Montana)
Sometimes when we go clubbing, my girlfriend likes to rock a Lola Luftnagle wig with skin-tight pleather pants and stiletto heals... Damn she looks hot when she does that!
Donald Trump, the president of the United States of America. He's an asshole that wears a wig
Jerry: "did you see Donald trump on the news yesterday?"
John: "Ha! You mean that wig-wearing asshole?"
A beard or goatee, especially one grown by a high school age male.
"Dude, what's with the pubic chin wig?"
"I'm trying to look 21 so I can get into the hot new club."